3420 Denmark AveEagan, MN 55121

For Sale
Call for price

Eagan retail center, 19 tenants, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents the Town Centre Shoppes, a thriving retail center in Eagan, Minnesota. Comprising three buildings totaling 44,692 square feet on a 5.77-acre lot, this property boasts 100% occupancy with 19 diverse tenants, none exceeding 12% of the gross leasable area (GLA). Built in 1988, the property has undergone significant recent improvements, including over $550,000 in capital expenditures within the last two years. These upgrades encompass parking lot and sidewalk replacement, stucco repairs, and fresh paint. The property's strategic location on two hard corners at a signalized intersection in Eagan's primary commercial corridor ensures high visibility. Nearby national retailers such as Walmart, Home Depot, TJ Maxx, Walgreens, Cub Foods, and Aldi contribute to strong traffic flow. The average household income within a three-mile radius is $139,000, significantly exceeding the national average. This unanchored shopping center offers a stable investment with a weighted average lease term exceeding 15 years and a strong weighted average remaining lease term (WALT) of 3.5 years. The property's address is 3420 Denmark Ave, Eagan, MN 55121, and its APN is 10-77069-01-010, 10-77055-01-030, 10-77055-01-040, 10-77055-01-041. This is a rare opportunity to acquire a legacy property with a proven track record of success.

Highlights

  • Legacy property with over $550,000 in recent capital improvements.
  • First-time offering in over 35 years.
  • Three-building, 19-tenant strip center with 100% occupancy; no single tenant exceeds 12% of GLA.
  • Strong Eagan location on primary commercial corridor, shadow-anchored by Walgreens and proximate to major retailers including Walmart, Home Depot, TJ Maxx, and multiple grocery stores.

Property Details for 3420 Denmark Ave

Property type
Lifestyle centers, Power centers
Square Feet
44,692 SF
Year Built
1988
Buildings
3
Lot Size (sq. ft)
251,341 SF

Location Insight

City
Eagan
County
Dakota
State
Minnesota
Latitude
44.832432778048
Longitude
-93.158364589279
3420 Denmark Ave, Eagan, Minnesota

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3420 Denmark Ave
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